Avon Products Inc. said its normalized net income for the third quarter was 8 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.
The per-share result swung to a profit from the prior-year loss of 2 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $36.4 million, compared with a loss of $6.9 million in the prior-year period.
The normalized profit margin increased to 2.6% from negative 0.5% in the year-earlier period.
Total revenue decreased year over year to $1.41 billion from $1.44 billion, and total operating expenses declined 5.9% on an annual basis to $1.31 billion from $1.39 billion.
Reported net income totaled $30.6 million, or 7 cents per share, compared to a loss of $657.5 million, or a loss of $1.51 per share, in the prior-year period.